505 Deltona BlvdDeltona, FL 32725

Property Details for 505 Deltona Blvd

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.60 AC

Property size (Sq ft)

3,804 SF

Zone code

B

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

8036-13-00-0020

APU

803613000020

Description

This exceptional commercial investment opportunity presents a 12,946 square foot multi-tenant office building situated on land in Deltona, Florida, at 505 Deltona Blvd, zip code 32725. The property is classified as Class C and is currently 75% occupied, offering significant upside potential. The asking price is $1,675,000, with a projected 7.92% cap rate upon full occupancy. The lease type is NNN (Net, Net, Net). The building features a total of 12,946 square feet, with a currently vacant 4,545 square foot second story that presents a leasing opportunity. Leasing this space at a base rate of $7.00 per square foot would significantly increase the property's overall return. The strategic location provides convenient access to Interstate 4, connecting Deltona to Orlando and Daytona Beach, enhancing its appeal to a wide range of tenants. This property is ideal for owner-users seeking to occupy available space or investors aiming to acquire an income-generating commercial asset with substantial growth prospects. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $802,924

  6.5%

  $741,160

  7%

  $688,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $658,193

  Geo Method

  $658,193

• Alternative Use

  Use

  Valuation

  Residential

  $741,160

  Hospitality

  $678,899

  Educational

  $564,836

  Medical

  $584,262

  Retail

  $878,634

Location Insight

City

Deltona

County

Volusia

State

Florida

Latitude

28.8756

Longitude

-81.2816

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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